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Warren Buffett always said that his children would not inherit his amazing company or his vast fortune.

But today, Berkshire Hathaway announced that Howard, Warrens's second child and oldest son, would become chairman after Warren leaves.

In part, this is a surprise.

Then again, it's not. Warren always said he wanted his son to make sure the company's culture stayed in tact, and that's what Howard is supposed to do.

But that simply isn't enough to know for us. To find out more about Howard. We looked over Warren Buffett's biography 'The Snowball: Warren Buffett and the Business of Life,' by Alice Schroeder, to find out what would make Warren choose Howard, a farmer who didn't graduate from college, to take a leadership position at Berkshire.